$龙虾 Why is the coin plunging so sharply for the second time?
I think there are three main factors worth examining.
1. The possibility that positions built during the rally are still being unwound
The coin rose to around $0.31 in September, then fell to about $0.031.
That means it lost around 90% of its value from peak to trough.
After that, it rebounded sharply in early October, but the rally did not turn into a sustained uptrend.
This price action raises an important possibility: some traders who bought at lower prices may have used the rallies to sell their holdings, putting renewed pressure on the price.
But I should be precise: I have no confirmed evidence that a particular whale started selling today or that a single party is behind the current decline.
2. The coin’s extreme sensitivity to liquidity and speculation
According to Binance’s official announcement, 龙虾 is listed among the 龙虾USDT perpetual futures contracts, with leverage of up to 5x. This makes it possible to open speculative positions that may be liquidated when the price moves sharply. Binance’s official announcement about the 龙虾USDT�
I think there are three main factors worth examining.
1. The possibility that positions built during the rally are still being unwound
The coin rose to around $0.31 in September, then fell to about $0.031.
That means it lost around 90% of its value from peak to trough.
After that, it rebounded sharply in early October, but the rally did not turn into a sustained uptrend.
This price action raises an important possibility: some traders who bought at lower prices may have used the rallies to sell their holdings, putting renewed pressure on the price.
But I should be precise: I have no confirmed evidence that a particular whale started selling today or that a single party is behind the current decline.
2. The coin’s extreme sensitivity to liquidity and speculation
According to Binance’s official announcement, 龙虾 is listed among the 龙虾USDT perpetual futures contracts, with leverage of up to 5x. This makes it possible to open speculative positions that may be liquidated when the price moves sharply. Binance’s official announcement about the 龙虾USDT�